A Market Veteran Just Revealed The Perfect Storm Is Brewing For Stocks To Suffer A Massive Crash
A 29year market veteran is sounding the alarm about a devasting stock market crash as the Fed starts tapering and rising interest rates next week, effectively pulling its support out of the market. Jon Wolfenbarger, who runs and is a former investment analyst for Allianz Global Investors and JP Morgan, argues that the only positive thing keeping the market from falling apart was support from the Federal Reserve, which is now gone. As Wolfenbarger pointed out, the end of the policy typically is an indication of a poor future for stock returns and inflated valuations. This means bad news for investors, said Wolfenbarger during an interview with Business Insider. That completely eliminates the main bull case that I think most investors are relying on. The financial analyst highlighted that a perfect storm for stocks to suffer a big crash is looming on the horizon. Exceedingly high valuations increase the odds of a brutal stock market crash since stock prices will have to sharply read
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